The chip Pax Silica can’t ignore: From exclusion to invitation, India becomes central to the semicon pactIndia will soon join Pax Silica, a US-led semiconductor initiative. Initially excluded, India's inclusion is now vital for the alliance's s...
Rupee ends flat, caught between softer dollar and corporate hedgingThe Indian rupee closed nearly flat on Monday, wedged between a broadly weaker dollar and steady hedging demand from domestic firms, while...
America as a retreating empire is making way for a conflict-ridden world, as well as a weakening AmericaThe end of American dominance may bring global challenges. History shows the fall of empires leads to instability. US-led post-World War II...
Donald Trump's tariff bomb triggers historic $10 trillion market crash, massive hit equals 50% of EU’s total economyDonald Trump’s tariff policies have triggered a historic $10 trillion loss in global market value, with U.S. tech giants like Apple and Ama...
S&P gives Tether poor marks in new stablecoin scaleS&P's new risk scale will go from 1 to 5 rather than the triple-A to default range it uses for governments and companies, but the focus on ...
Crypto shaken as SVB exposure depegs $37 billion stablecoinThe second-largest stablecoin fell from its intended $1 peg, trading as low as 81.5 cents as investors reacted to the exposure of issuer Ci...
Crypto shaken as SVB exposure Depegs $37 billion StablecoinThe second-largest stablecoin fell from its intended $1 peg, trading as low as 81.5 cents as investors reacted to the exposure of issuer Ci...
Binance halts withdrawals of major USDC stablecoinSwapping USDC Coin with two other crypto tokens - Paxos Standard and Binance USD - requires using traditional dollars at a bank in New York...
Binance to convert users' USD Coin into its own stablecoinStablecoins are a type of cryptocurrency designed to maintain a constant value, for example through a 1:1 U.S. dollar peg. They play a cruc...
Cryptoverse: Crypto lenders face a DeFi drubbingThe total value locked (TVL) on Ethereum, a metric that attempts to track the value of tokens deposited in a variety of DeFi protocols, has...
Cryptoverse: Gold coins glimmer amid the global gloomStablecoins, a fast-growing breed of crypto, have emerged as a common medium of exchange, often used by traders seeking to move funds aroun...
Cryptoverse: Gold coins glimmer amid the global gloomCoins backed by gold are newer variants of "stablecoins", which are typically pegged to the dollar to tame volatility. The largest, Pax Gol...
Facebook's cryptocurrency venture to wind down after asset sale to SilvergateIt also throws into question how Meta plans to handle commerce in the metaverse, a futuristic digital environment that Chief Executive Mark...
Facebook's cryptocurrency venture to wind down after asset sale to SilvergateThe sale was the culmination of several years of struggle for Meta's fintech unit, which lost most of its leadership, including director Da...
US regulators racing toward first major rules on cryptocurrencyConcerned about the potential for a digital-era bank run, the US Treasury Department is working on an oversight framework for the fast-grow...
SBI in 'Hall of Shame' of banks funding cluster bomb makersIn its 275-page report, PAX said the Convention on Cluster Munitions (CCM) categorically bans use, production, stockpiling and transfer of ...
GVK awards duty-free & retail contracts to Dufry and DFS at Bali airportDFS and Dufry are top travel retailers in the world and have been competing with each other to gain number one slot for some years now.